§ 6-151. Insurance.

(a)

Upon compliance with all other provisions of this article, a permit for an event may be granted only after the applicant has secured and filed with the clerk the insurance provided for in this section. The policy or policies shall specifically provide for payment by the insurance company on behalf of the insured all sums which the insured's shall be obligated to pay by reason of liability imposed upon them by law for injuries or damages to persons or properties arising out of the activities and operations of the insured's pursuant to the provisions of this chapter.

(b)

All insurance required in this section shall be issued by insurance companies acceptable to the city and admitted in the state. The insurance specified may be in a policy or policies of insurance, primary or excess.

(1)

Workers' compensation insurance that meets the statutory obligations with coverage B:

a.

Employer's liability limits of at least $100,000.00 per each accident;

b.

$500,000.00 each disease, policy limit; and

c.

$100,000.00 disease per each employee.

(2)

Commercial general liability insurance with limits of at least:

a.

$1,000,000.00 general aggregate;

b.

$1,000,000.00 products, completed operations;

c.

$1,000,000.00 personal and advertising injury;

d.

$1,000,000.00 each occurrence;

e.

$50,000.00 fire damage; and

f.

$5,000.00 medical expense any one person.

The policy shall be on an "occurrence" basis, shall include contractual liability coverage and the city shall be named an additional insured.

(c)

Acceptance of the insurance by the city shall not relieve, limit or decrease the liability of the event permit holder. Any policy deductibles or retentions shall be the responsibility of the event promoter. The permit holder shall control any special or unusual hazards and be responsible for any damages that result from those hazards. The city does not represent that the insurance requirements are sufficient to protect the permit holder's interests or provide adequate coverage.

(d)

Evidence of coverage is to be provided in the form of a certificate of insurance. A 30-day written notice is required if the policy is canceled, not renewed or materially changed. The permit holder shall require any of its participants using automobiles in the race to carry automobile liability insurance meeting the statutory limits of the state.

(e)

The permit holder shall require any of its subcontractors to comply with the provisions of this section.

(Code 1992, § 225.07; Ord. No. 2004-13, 10-19-2004)